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China sell-off sends yen, Swiss franc soaring
Published Mon, Jan 4, 2016 · 09:50 PM
London
THE dollar sank to an 11-week low against the yen on Monday, hit by a renewed stock market sell-off in China that sent traders running for the traditional security of the Japanese currency and the Swiss franc.
Even if a majority of the biggest bank and fund traders expect more strength for the greenback this year, doubts about that have been writ large in a month when it fell almost 5 per cent against t…
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